Weichert Expands Presence in Illinois
Weichert Real Estate Affiliates, Inc. continues to grow its presence in Illinois with the addition of Weichert, Realtors® – Homes by Presto in Naperville to its national franchise network. Weichert, Realtors® – Homes by Presto, formerly known as Presto Real Estate Services, becomes the 13th Weichert® franchised office in the state of Illinois. The company…
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MLS Empowers Brokers: Mapping Out Your Business Plan for a Thriving 2024
If there’s anything we’ve learned over the past few years, it’s that the market can shift on a dime—and if you don’t have a plan in place to successfully pivot and face the challenges that need to be overcome, it’s nearly impossible to arrive at your intended destination. While savvy brokers and agents are keenly…
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Adopting an Intentional Business Mentality
Manuel Pantiga Broker/Owner PantigaGroup Inc., a member of Leading Real Estate Companies of the World® Bronx, New York | https://www.pantigagroup.com Region served: New York City and Westchester County; Connecticut Years in real estate: 19 Number of offices: 1 Number of agents: 43 Motto/work philosophy that you live by: Our purpose is to add value to…
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Level Up: The Real Story from REALTORS® | Safety
Editor’s Note: This is part of a monthly video series from the NATIONAL ASSOCIATION OF REALTORS® to inform and educate members about important aspects of being a real estate professional. Watch for this series each month in RISMedia’s Daily Real Estate Advisor. In this edition of Level Up: The Real Story from REALTORS®, Janet Judd,…
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Mortgage Applications Decrease Following More Rate Hikes
The increase in mortgage applications last week was short-lived, as purchase applications fell this week, down 1.3% from one week earlier when we saw a temporary increase of 5.4%. This is according to the latest Weekly Mortgage Applications Survey from the Mortgage Bankers Association’s (MBA) for the week ending September 22, 2023. Here’s a look…
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Diverse REALTOR® Advocate Groups Join ‘Stop Hate in Real Estate’ Initiative
Across the country, there are places where it simply isn’t safe for some people to live. In a time where states continue to pass discriminatory laws, with hate crimes and discrimination on the rise, a group of over 75,000 members of the real estate community are calling on colleagues, friends and REALTOR® leadership to be…
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Why Fixer-Uppers Have Fallen Out of Favor
Many potential buyers are struggling in the current housing market, but even with the market teetering in sellers’ favor, not every house is flying off the market. Buyers don’t want fixer-uppers In a recent podcast, J.R. Whalen of the Wall Street Journal noted, “Traditionally, fixer-upper homes have given buyers an opportunity to save some money…
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Consumer Confidence Sees Another Dip in September
Consumer confidence fell for the second month in a row, from 108.7 in August to 103 in September, according to the latest data from The Conference Board. “Consumer confidence fell again in September 2023, marking two consecutive months of decline,” said Dana Peterson, chief economist at The Conference Board. “September’s disappointing headline number reflected another…
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New-Home Sales See Big Fall in August
Due to rising mortgage rates and a lack of inventory, new-home sales saw a drastic 8.7% dip in August, according to a new report from the National Association of Home Builders (NAHB). NAHB reported, using data from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, that sales of newly built,…
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Buckle Up: 2024 Is Going to Get Weird
Real estate is no stranger to the out-of-the-ordinary, and 2024 looks like it’s going to be a doozy. In some ways, we’ve found a new “normal”: shrinking broker margins, rising costs, inflationary pressure and scarce seller leads. In others, like interest rates, inventory and pricing, things feel more uncertain than ever. We’re heading for uncharted…
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